Automatic changes Clause Samples
Automatic changes. If the cost of a qualified Benefit, to which Participants contribute through elective contributions, increases (or decreases) during a Period of Coverage, the Plan Administrator shall, on a reasonable and consistent basis, automatically make a prospective increase (or decrease) in the affected Participants’ elective contributions for that Benefit.
Automatic changes. If the cost of a benefit under the Plan increases or decreases during the Participation Year, a corresponding change will automatically be made in the Participants' Premiums under the Plan.